Monday, August 1, 2022

AEROSPACE

► From the IAM — Machinists union members at Boeing St. Louis to vote on modified contract offer, temporarily averting imminent strike — The International Association of Machinists and Aerospace Workers’ (IAM) overnight bargaining session with the Boeing, has resulted in a modified contract offer from the company. Nearly 2,500 IAM District 837 members working at three separate Boeing defense locations in the St. Louis area will vote on Wednesday, Aug. 3 on whether to accept the company’s modified offer. The current contract has been extended until after Wednesday’s vote and will expire one second past midnight on Thursday, Aug. 4, temporarily averting the strike that had been planned for Monday, Aug. 1.

► From the St. Louis Post-Dispatch — Boeing avoids strike for now; St. Louis workers to vote on new contract offer — In contract negotiations, the union has been pushing for general wage increases, a faster path for workers to climb the pay scale and improvements to 401(k) plans. The new proposal withdraws some of the changes to the retirement plan from the previous draft, and includes an $8,000 lump-sum payment, which employees can choose to defer into their 401(k) plans.

THAT’S ALL, FOLKS

The Entire Staff of The Stand is unable to compile the daily news today. We’ll be back at it as soon as we are able.